And when the economy gets better, more people come off their couch and start looking for work. That usually keeps the number higher for a while during the turnaround. The key is to watch the trends in all the U numbers. U-6 I think is the broadest one.
And when the economy gets better, more people come off their couch and start looking for work. That usually keeps the number higher for a while during the turnaround. The key is to watch the trends in all the U numbers. U-6 I think is the broadest one.
Yes it’s one of the broadest measures. And often considered by some to be a more accurate representation of the Real unemployment rate.